Residential Multi-Unit Development Opportunity

AUCT-001156 | On Auction

Residential Multi-Unit Development Opportunity

10 Monteith Place, Durban North, KwaZulu Natal

OPENING BID R10 MILLION: Residential Multi-Unit Development Opportunity. 10 Monteith Place, Durban North

Combined Extent: ± 8762m² | Set in the prime upper Durban North | Upmarket location with sea views | Redevelopment opportunity


LOCALITY
Set in the heart of the prime upper Durban North Suburb, this property is in an exclusive neighbourhood with a desirable address. The property is located directly off Kenneth Kaunda Road at 10 Monteith Place.
Chelsea Preparatory School and Our Lady of Fatima are located within 100m of the property and the popular Broadway lies a mere 120m from the property. The property is well-located within walking distance of all amenities but still provides exclusivity and privacy. The site is elevated and provides spectacular sea views and exceptional views of Moses Mabhida Stadium.

PRIMARY USE
This property presents a rare opportunity for developers to acquire a sizeable piece of land in a high demand area. The property includes two ervens with a combined extent of ±8 762m², and enjoys 180-degree sea views and spectacular views of Durban, from an elevated site, within close proximity to all amenities including esteemed schools and the popular Broadway shopping precinct.

Currently, there is a large upmarket 3-storey residential home on Erf 2181 Durban North which comprises of 5 bedrooms and a master dressing room, 3 of the bedrooms are en-suite and 2 share a large bathroom on the first floor, a study, two lounge areas, guest bathroom, dining area, two kitchens and a scullery, as well as an outside studio apartment on the ground floor, and a large pool and entertainment area and six garages for parking.

There is a further entertainment room on the 2nd floor (rooftop) of the building. Erf 1710 Durban North measuring ± 4 818m² comprises of vacant land / yard area. This opportunity offers a rare chance to develop an estate style complex in the area. The property as a whole would ideally accommodate approximately 10 luxury homes.

Residential Type:
House
Web Reference:
AUCT-001156
List price:
POA
Address:
10 Monteith Place, Durban North, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
19 May 2021 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 19 May 2021 11:00:00am


Luke Hearn
                                                         In2assets Representative

Property Agent


Luke Hearn
071 351 8138
[email protected]


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